Crude Oil News

OPEC+ is considering deferring planned production increases from October, with the producer group spooked by the slump in...

Middle East crude prices slumped to fresh yearly lows Wednesday amid the broader malaise in oil markets, dragging products lower along with it...

Goldman Sachs said Brent crude oil prices could trade lower to the $70/b threshold as oversupply risk is back in focus after Libya is on track...

Nearly 300 workers at Marathon Petroleum's 140,000 bpd Detroit refinery downed tools Wednesday in a dispute over a new labour...

A second monthly OPEC survey has found Iraq again produced significantly above its quota in August, which left overall output from...

US refiner Valero has begun works to resume operations at the 210,000 bpd crude distillate unit at its 360,000 bpd Port Arthur refinery in Texas after...

Oil product inventories in Japan inched slightly higher last week thanks to gasoil surplus offsetting an increasingly light end supply tightness as...

Crude oil futures Tuesday were sharply lower as concerns over sluggish demand growth offset events in Libya, while reports of a potential deal...

Brent crude slumped to fresh 2024-lows Tuesday on reports a deal to resume Libyan oil production was close to being agreed...

Aliko Dangote, owner of Nigeria's new mega refinery, announced Tuesday it had started production of gasoline at the 650,000 bpd site near Lagos for the first time...

Germany's finance ministry has extended its trusteeship of Rosneft's German assets for another six months

India's state-owned Oil and Natural Gas Corp. (ONGC) has initiated plans for a multibillion-dollar refinery and petrochemical project in Uttar Pradesh to capture the nation's growing fuel demand....

A power outage in the Eurpoort area of Rotterdam shuttered both BP and Exxon's refineries Tuesday morning...

Middle East crude prices were little changed Tuesday with traders again waiting for confirmation of the planned increase in...

Libya's petroleum industry remained severely constrained Tuesday, with one media outlet putting production as low as...

Norway's Aker BP has kickstarted production at its Tyrving oilfield amid an ongoing legal battle as the Norwegian government seeks to...

Indonesia is planning to build a reserve of crude oil, gasoline, and liquified petroleum gas in the next 10 years in a bid to shield itself from...

Russia's Gazpromneft has been forced to shut multiple units at its Moscow refinery after a drone attack set the plant on fire at the weekend...

Representatives of North Sea oil and gas producers have outlined the risks of the UK government's plans to increase taxes on future output, underpinning the threat to...

Oil production from the 12 core OPEC members dropped during August led by the reductions from Libya, while Iraq and...